I let go of the RGR shares I bought for $45.95 on Thursday for $48.73.
Other than that, I am waiting patiently. If a reversal is to happen, I think it materializes shortly. I’m looking for something small at first; a 7-8% retracement. Nothing spectacular. Then I want to look deep into the end of the year and get a glimpse of 2014.
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Fly is uber bullish – do you agree?
I am not uber bullish. I’m not exactly willing to short either.
I have my positions, some hedging (SCO, EUO), one short via options (TSLA), and a lot of cash.
Expecting a correction this summer